GENERAL

WHAT IS ERP?
As Enterprise Resource Planning (ERP) software tackles multiple industry verticals it can be very
difficult to determine how ERP systems can benefit small business without knowing how ERP
systems work.

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 Overview
Enterprise Resource Planning (ERP) is a business
software or a suite of software that helps
businesses manage and monitor business
processes from different departments like
accounting, human resources, project
management, supply chain, and etc. An ERP
automates several core business processes like
payroll tracking and processing, fixed-asset
lifecycle tracking, and reporting from acquisition
to depreciation, and to retirement.
These functions help businesses efficiently track
customer’s orders, from end to end all the way to
fulfillment reducing errors. ERP systems also
streamline, integrates, and standardize the data
that is exchanged between different departments
of the company for greater transparency,
reporting, and accountability.
There are three types of Enterprise Resource
Planning Systems based on how they are
implemented in the business, On-premises ERP
systems, Cloud-based ERP systems, and Hybrid
ERP systems. Each type has its own advantages
and disadvantages as well the associated total
cost of ownership.
On-Premise ERP Systems
Traditionally ERP systems are implemented On-
premise in the business. Companies needed to
invest heavily upfront for the IT infrastructure
needed to implement that ERP system which can
be prohibitively expensive for small and medium
businesses. On-premise, as the name suggests,
installs and deploys the ERP system in the
company’s own servers and computers.
Generally, On-Premise ERP systems are mostly
considered as a capital expenditure because of
the last upfront cost and the nature of the one-
time license fee of several on-premise ERP
systems.
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Cloud-Based ERP Systems
Cloud-based ERP systems are increasingly
becoming a popular business solution especially
for small and medium-sized businesses who like
the flexibility and scalability a cloud-based system
has to offer. Cloud-based ERP systems are
generally hosted through the vendor’s
like NetSuite and can be easily accessed through
web browsers. The implementation cost of cloud-
based ERP systems is considerably lower
compared to On-premise ERP systems which
cement its popularity with small and medium-
sized businesses. Cloud-based ERP systems like
NetSuite is generally considered as Software-as-a-
Service (SaaS) because of its recurring
subscription-based licensing model.
Hybrid ERP Systems
Hybrid ERP systems utilize both on-premise and
cloud-based ERP implementation to provide a
combination of the benefits and advantages of
both systems at a higher cost compared to purely
cloud-based implementations.
Advantages of ERP Systems
Despite the differences in the mode of
implementation and deployment ERP systems
provide businesses with distinct advantages
though accurate business intelligence, improved
efficiency, and better inter-departmental data
exchanges.The greatest advantage of an ERP
System is that it integrates and unifies all software
that is used by business instead of using
individual and unconnected software for
accounting, invoicing, inventory, and fulfillment.
ERP systems automate several crucial businesses
processes eliminating the risk of man-made errors
due to the repetitive nature of some processes.
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 1. Improved Data 4. Real-Time Chain and
Consolidation Inventory Management
As mentioned above, an ERP system ERP systems provide businesses
consolidates the data from all with real-time visibility in the supply
departments in the company and chain and inventory management
stores it in one readily accessible for better business intelligence and
database for greater transparency planning. Reducing cost and losses
and accountability. from production over-runs and
overstocked inventory.

3. Better Relationship with

Customers
ERP systems improve customer
relationship by streamlining the
Choosing the Right ERP
sales processes and expediting System For Your Business
sales fulfillment and invoicing.
For small and medium business implementing
Integrating Customer Relationship
Management (CRM) software with an Enterprise Resource Planning (ERP) system

the ERP system allows greater can be a huge investment and undertaking.
individual tracking from lead to Cloud-based ERP systems like NetSuite is the
order fulfillment and support. popular option for small and medium-sized
businesses due to the lower implementation
and upkeep cost and the experienced network
of NetSuite Solutions Provider Partner that help
business with their implementation through
2. Streamlined and
advisory, consultation, and support.
Automated Business
processes
An ERP system streamlines business
processes by centralizing and
consolidating the data from across
several department and business
processes into one omni-channel
that reduces complications
stemmed from different software for
each department. ERP systems also
improve tracking of crucial data like
stocks from inventory to current
orders in the queue for better
business intelligence.

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